Yes. It is above average in the US. Of course how good depends on where you live. Housing costs in NYC can eat right thru a budget, but you can get a huge home elsewhere and still have plenty left over .
Well yeah, because when you have 60 grand ($60,000) right now, then once another year passes by, you will then have 120 grand ($120,000), and that is a lot of money, but if you spend it all on stuff that you don't want or need, then you will end up with less money so, the best thing to do is to either spend it on the things you need, and some of it on what you want, then save the rest up.